Speaking at an investor forum in Singapore, the DICA official said last year saw the lowest rate of foreign investment in Myanmar since 2013.
19 The News For 19 September 2018
Lawmakers want to know more information on the conditions of the $61.8 million loans that will be used on infrastructure projects supporting the Korea-Myanmar Industrial Complex.
A survey conducted by UMFCCI shows stifling costs, currency depreciation and red tape is making conducting business here ever more challenging.
In a meeting with Daw Aung San Suu Kyi, businesspeople says reducing the rates will attract investors and boost the economy.
The meeting was organized following complaints by members of Myanmar’s business community about chronic losses during the current economic slowdown.
Prices rise 7.56 percent during the period, compared to 4.45 percent last year, statistics agency says
News that the world's two biggest economic powers, currently locked in a trade war, were showing a willingness to negotiate boosted investor sentiment after a worrying week.
Private banks and exchange counters no longer have to trade within the official band in a move meant to help prevent price manipulation and settle recent fluctuations.
The Irrawaddy’s graphics illustrate the findings of DICA’s latest business survey
Conflicts and rising land prices are the main obstacles to expanding acreage
The regulations are meant to help firms navigate the Myanmar Companies Law with instructions on online registration, corporate constitutions, capital structures and more.
U Set Aung said Myanmar will endeavor to take on no loans from China to see the project completed, amid ongoing talks to renegotiate its deal with the developer.
U Set Aung's appointment comes amid the government's efforts to renegotiate its agreement with the project's Chinese developer to give Myanmar a larger stake.
The government says the zones, slated for Kachin and Shan states, will not only create local jobs but help bring peace to the restive regions.
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